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Is bitcoin still in a strong downtrend ?
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Topic: Is bitcoin still in a strong downtrend ? (Read 19813 times)
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Re: Is bitcoin still in a strong downtrend ?
February 14, 2019, 02:21:37 PM
#61
I dont think its a strong downtrend but until we get above 50 day moving average its fairest to say it continues with negative momentum. The recent low today was the 8 day trend which we are above meaning we are close to breaking above 50 day but this positive move is still short term term and we have to confirm above about 3650
Then the 200 day which is more long term then either of those is descending and about 5000 or so, it would be good if we can close to nearer there and have a proper tug of war between bulls and bears
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